Answer:
A) Proposal A= 6875 units
B) Proposal B= 6818 units
Explanation:
Giving the following information:
Two vendors have presented proposals.
Proposal A:
Fixed costs= $55000.
Variable cost= $ 14.00.
Proposal B:
Fixed cost= $75000.
Variable cost= $11.00
The revenue generated by each unit is $ 22.00
Break-even point= fixed costs/contribution margin
A) Proposal A= 55000/(22-14)= 6875 units
B) Proposal B= 75000/(22-11)= 6818 units
Answer: cost
Explanation: In a market economy, the price of the product or service offered are determined by the market forces of demand and supply. Govt. intervention in regulating the market forces is minimal in such markets.
Thus, if the entrepreneurs produce goods at a low cost they will price it low leading to high demand for their product. Thus, they will be compensated well if they cost their product lower than others.
Answer:
See below
Explanation:
Assets, Liabilities, and Equity form the basis for preparing the balance sheet. They make the accounting equation of Assets= Liabilities + Equity.
<u>Assets </u>are the valuables a business owns. They can be in the form of cash, money in the banks, financial instruments, properties, machines, or motor vehicles.
<u>Assets will be</u>
<u>Liabilities </u>are what the business owes to third parties and supplies. Liabilities are usually in the monetary form, such as loans, rent, and accounts payable.
<u>Liabilities</u>
<u>Equity</u> is the owner's contribution to the business. They include capital and retained earnings.
Equity
- retained owners
- personal investment earnings,
Archiving is an important part of record keeping
